The company completed a $2 million dormitory for a university in Colorado this year. The three-story, 18-unit building broke ground in October 2016. It features a luxurious common area, community kitchen with stainless steel appliances and a glass wall to allow for a maximum amount of light, and lots of outdoor landscaping.

When laws and regulations change, companies invested in the status quo have two options: to get out or go all-in. An accounting company formed Realty Center Management Inc. (RCMI) in 1984 to manage a group of real estate holdings that served as a tax shelter for clients. When rules regarding eligibility for depreciation changed, the properties no longer carried the same tax benefit so RCMI changed its focus to managing the properties to create value.

Hallmark Communities emphasizes building the highest-quality homes at the best value the company can offer.

By Bianca Herron

Hallmark Communities, a third-generation family homebuilder, was founded in 1984 by a father and son duo. For the past 33 years, the Solana Beach, Calif.-based company has built, designed and constructed homes that reflect its commitment to exceptional value and customer service, President Chris Hall says.

“My grandfather, Raymond Hall, was a civil engineer and my dad, Michael Hall, was a commercial broker,” Hall says. “Their first homebuilding project was in El Cajon, Calif., and since then we have grown the company from just a couple employees to where it is today. It feels good to work in the family business and be successful. It’s definitely a source of pride, not only for myself, but also for our entire family.”

The baby boomer and millennial generations would seem to not have very much in common. But when it comes to what many members of either generation are looking for in a new home, they share more commonalities than many people might think.

Both generations – the two largest in the United States in terms of population – are drawn to similar types of housing, albeit for different reasons.